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(PENIND) Pennar Industries complete technical analysis [charts+indicators] | Buy/Sell Pennar Industries | (PENIND) share price targets

Complete technical analysis of Pennar Industries (PENIND) by charts plus indicators, forecast predictions and share price targets for Pennar Industries (PENIND)

Pennar Industries trades in NSE in Iron & Steel sector.

Showing technical analysis as on 2024-09-02 View latest technical analysis

10 day averaged volume of Pennar Industries is 1023153

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	178.90	178.00	180.89	174.51	0.476 times
30 Fri Aug 2024	178.00	179.75	181.86	175.93	0.488 times
29 Thu Aug 2024	178.36	182.00	188.49	177.61	0.908 times
28 Wed Aug 2024	182.59	186.39	188.09	182.00	0.436 times
27 Tue Aug 2024	186.62	187.89	190.50	186.00	0.466 times
26 Mon Aug 2024	188.13	193.00	193.80	186.97	0.654 times
23 Fri Aug 2024	191.85	195.51	196.25	191.00	0.603 times
22 Thu Aug 2024	197.99	195.80	201.33	192.60	1.22 times
21 Wed Aug 2024	194.62	181.00	197.70	179.96	3.092 times
20 Tue Aug 2024	179.94	180.10	182.00	177.19	0.516 times

My analysis of stock is bearish for shortterm, and stock might move down till 171.6 or till 161.6. Use a stoploss of 179.97 and if the stock hits stoploss, then it can shoot up till 188.31

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	120.10
Downside Target	122.60
Downside Target	152.00
Downside Target	164.00
Downside Target	169.30
Downside Target	174.51
Upside Target	180.89
Upside Target	184.83
Upside Target	186.00
Upside Target	193.80
Upside Target	201.33
Upside Target	204.12

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	175.31
Downside Intraday Target	171.72
Upside Intraday Target	181.69
Upside Intraday Target	184.48
Downside Intraday Target	178.1

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	178.90	178.00	180.89	174.51	0.161 times
30 Fri Aug 2024	178.00	193.00	193.80	175.93	0.419 times
23 Fri Aug 2024	191.85	169.97	201.33	169.30	1.749 times
16 Fri Aug 2024	168.77	177.99	184.83	164.30	0.987 times
09 Fri Aug 2024	179.30	177.00	182.20	170.00	0.469 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Pennar Industries (PENIND)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	178.90	178.00	180.89	174.51	0.024 times
30 Fri Aug 2024	178.00	194.20	201.33	164.30	0.733 times
31 Wed Jul 2024	193.81	171.40	204.12	164.00	0.883 times
28 Fri Jun 2024	168.39	151.00	186.00	120.10	1.773 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Pennar Industries (PENIND)

Price action analysis of Pennar Industries ( (PENIND) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Pennar Industries ( (PENIND) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Pennar Industries ( (PENIND) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Pennar Industries stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Pennar Industries in short term but the sell signal is initial and weak.

Pennar Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Pennar Industries in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Pennar Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 189.12 and Pennar Industries (PENIND) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Pennar Industries (PENIND) stock. Volume based technical analysis of Pennar Industries (PENIND) stock is negative.

Pennar Industries Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.